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BUSINESS
June 30, 2009 | Times Wire Reports
Stocks rose sharply Monday as a jump in oil prices lifted shares of energy companies and fund managers snapped up recent winners to burnish their end-of-the-quarter portfolios. Financial stocks, which have led the way up for much of the second quarter, rose again Monday, followed by the tech sector. Fund managers appeared to be enhancing their portfolios before the quarter ends today in a ritual known as "window dressing": scooping up stocks that have done well in the last three months.
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BUSINESS
July 18, 2009 | Associated Press
The Dow Jones industrial average rose for a fifth straight day Friday, capping its best weekly gain since March, as investors bet that the stock market had resumed its powerful spring rally. Boosted by a sharp gain in shares of IBM, the blue chips rose 32.12 points, or 0.4%, to 8,743.94. But the declining stocks slightly outnumbered advancers, and the Standard & Poor's 500 index and the Nasdaq composite ended the day little changed. The Russell 2,000 index of smaller companies dropped 0.5%.
BUSINESS
December 21, 1990 | TOM PETRUNO
If you own stocks, you're probably glad 1990 is almost over. It was a tough year to make money, even before Saddam Hussein helped bring on a full-fledged bear market. But people did score some big hits in the market this year--perhaps even a surprising number, given that broad market indexes will finish 1990 with losses ranging from 5% to 15%. Despite the year's roller coaster, good companies that managed solid earnings growth generally saw their stocks advance.
BUSINESS
May 2, 2008 | Walter Hamilton, Times Staff Writer
For at least a day, the financial markets seemed to take a perfect cue Thursday from the Federal Reserve. Oil and other commodity prices fell. The dollar strengthened. Earnings news was generally positive. And investors, liking what they saw, drove stock prices up sharply.
BUSINESS
December 28, 2002 | Josh Friedman, Times Staff Writer
Geopolitical jitters sent stocks reeling Friday as the market closed out another losing week en route to its third straight down year. Investors shifted money into Treasury securities and gold as a rebel bombing in Chechnya left more than 40 people dead, adding to growing nervousness over the U.S. standoffs with both Iraq and North Korea. At the same time, the dollar continued its recent swoon as war worries soured investors on the greenback.
BUSINESS
June 6, 1995 | From Times Wire Services
Stocks surged to record highs Monday on the back of IBM's surprise $3.3-billion takeover bid for software firm Lotus Development Corp. Analysts said Wall Street was also hoping that the Federal Reserve Board will cut interest rates to keep the economy from slipping into recession. At the close, the Dow Jones industrial average was up 32.16 points at 4,476.55, beating the old record of 4,472.75 reached last Thursday. Several broader market indicators closed at new highs Monday.
BUSINESS
December 7, 1995 | From Bloomberg Business News
U.S. stocks rose to records for a third day Wednesday as investors grew more confident that corporate profits will expand next year as interest rates fall. Shares of banks and other financial companies led the advance. Expectations that the Federal Reserve Board will trim interest rates this month fueled optimism that the year-old rally in stocks still has room to grow.
BUSINESS
November 6, 1993 | From Times Staff and Wire Reports
Market Overview * Fresh signs of economic growth in the October employment report pushed long-term bond yields up for the sixth consecutive trading day Friday, extending a three-week selloff. * U.S. stocks, battered by two days of heavy selling, closed mixed as bargain hunters entered the market. Overseas, most foreign markets suffered deep declines. * Gold soared to a three-month high, gaining from the turmoil in stocks and bonds.
BUSINESS
March 13, 2008 | From Times Wire Services
Wall Street's euphoria over the Federal Reserve's latest move to cure the credit crunch turned to caution Wednesday, leading stocks to retreat a day after their biggest rally in more than five years. The Fed's plan announced Tuesday to lend $200 billion in Treasury securities -- and accept mortgage-backed securities as collateral -- was greeted by the stock market as an innovative way to bring relief to the tight credit markets. But investors were hesitant Wednesday to pour more money into stocks without signs that the central bank's move would help turn around the economy.
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